Newmont IPO Pending Finance Minister Decision

JAKARTA The management of PT Newmont Nusa Tenggaraâ€™s Batu Hijau mine in West Nusa Tenggara Barat is awaiting the Finance Ministerâ€™s decision regarding divestiture of a 7% stake, to hold an initial public offering (IPO).

Newmont President Director Martiono Hadianto said as soon as the divestiture decision was confirmed, the company would prepare for an IPO. â€œSo the IPO could be held this semester or next semester,â€ he said in Jakarta last night.

PT DMB Presence Sued

Senin, 25 Juni 2012 03:24
David Dwiarto

JAKARTA- United Parliament Members Coalitions (Koalisi Anggota Parlemen Bersatu) of Sumbawa and West Sumbawa Regency sued the presence of PT Daerah Maju Bersaing (DMB) to be immediately dismissed. The crux of the matter is that the foundation of the local company is allegedly violating Laws (UU) No 32/2004 article 177 concerning Local Administration.

PT DMB is a local company which was founded by three local administrations in West Nusa Tenggara (NTB), namely NTB Provincial Administration (Pemprov), Regency Administration (Pemkab) Sumbawa, and Pemkab Sumbawa Barat.